Last annual update:
Nationwide banks were among the largest lenders to “The Volunteer State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Tennessee:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 92 | $100,478 | 8.2% |
| 2 | Pinnacle Bank | Nashville, TN | 39 | $663,100 | 7.0% |
| 3 | United Midwest Savings Bank | De Graff, OH | 32 | $190,063 | 7.6% |
| 4 | Independence Bank | East Greenwich, RI | 23 | $120,652 | 5.9% |
| 5 | Wells Fargo | Sioux Falls, SD | 23 | $200,248 | 9.5% |
| 6 | Celtic Bank | Salt Lake City, UT | 17 | $547,641 | 8.0% |
| 7 | Stearns Bank | Saint Cloud, MN | 14 | $259,571 | 7.6% |
| 8 | Live Oak | Wilmington, NC | 12 | $1,699,750 | 6.4% |
| 9 | Fifth Third Bank | Cincinnati, OH | 11 | $186,936 | 6.7% |
| 10 | First Home Bank | Seminole, FL | 11 | $181,000 | 7.2% |
| 11 | United Community Bank | Blairsville, GA | 11 | $418,636 | 7.5% |
| 12 | Byline Bank | Chicago, IL | 10 | $656,600 | 6.9% |
| 13 | Citizens Bank | Elizabethton, TN | 10 | $769,900 | 7.3% |
| 14 | Newtek Small Business | Lake Success, NY | 10 | $305,400 | 7.7% |
| 15 | Atlantic Capital Bank | Chattanooga, TN | 9 | $1,194,444 | 7.0% |
| 16 | Simmons Bank | Pine Bluff, AR | 8 | $241,625 | 6.8% |
| 17 | BancorpSouth Bank | Tupelo, MS | 7 | $467,186 | 5.7% |
| 18 | BB&T | Winston Salem, NC | 7 | $173,743 | 6.5% |
| 19 | Community Trust Bank | Pikeville, KY | 6 | $777,800 | 5.6% |
| 20 | First Bank | Southern Pines, NC | 6 | $943,750 | 6.8% |